New wind farm for TRP

Article Excerpt

TRANSCANADA CORP. $36.88 (Toronto symbol TRP; Shares outstanding: 693 million; Market cap: $25.6 billion; TSINetwork Rating: Above Average; Dividend yield: 4.3%; www.transcanada.com) has opened its $350-million U.S. Kibby wind farm in Maine. The wind-power industry has grown quickly in recent years, largely due to government subsidies. However, high budget deficits have spurred rising political opposition to these subsidies. Still, wind power accounts for just 4% of TransCanada’s total generating capacity of 10,800 megawatts. TransCanada is a buy. buy…

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